The pair dropped sharply last Friday and touched levels around 113% correction at 1.7035 before rebounding to the upside and close last week's trading session above 1.7080 represented in 127.2% correction. In fact, the abovementioned weakens the possible positivity without cancelling it, whereas Linear Regression Indicators are showing a negative crossover, while MACD is still moving in a bearish bias.

Because AROON Indicator is showing weakness in the bearish strength represented in a drop in AROON negative line, we should wait to confirm breaking 1.7080 again, or benefit from any upside move to sell the pair again at appropriate Risk/Reward Ratios. Of note, breaching 1.7185 triggers a bullish wave and fails the downside move, as the pair is still trading within the ascending channel showing on graph.

The pair failed again to achieve a daily closing below 1.3520 as showing on graph and started this week's trading slightly to the upside, accompanied by the positive expectations showing on Stochastic. Meanwhile, Linear Regression Indicators are still showing a negative bias and MACD is negative.

Therefore, we will benefit from any upside move this week to sell the pair again, as levels close to Linear Regression Indicators 1.3575 - 1.3590 could be good with appropriate Risk/Reward Ratios to sell the pair again. A break below 1.3520 triggers a downside move targeting 1.3375. Of note, breaching 1.3625 weakens the downside move, while breaching 1.3665 gets the pair into a bullish wave to try breaching 1.3705.

Bitcoin price shows more tight trading which still stable around the EMA50, while stochastic offers positive signal now that encourages us to continue suggesting the bullish trend on the intraday basis, waiting to motivate the price to target 683.60 areas initially.

We remind you that the continuation of the expected bullish trend depends on holding above 612.00 and 587.00 levels.

Expected trading range for today is between: 587.00 and 700.00

Expected trend for today: Bullish

The USDCHD pair made a test to the key resistance 0.9000, but it still stuck between the trend confirmation keys represented by the mentioned resistance and 0.8905 support, which makes us continue with our neutrality until the price manages to breach one of these levels.

To know more about the expected targets after the breach, please review our previous report.

Expected trading range for today is between: 0.8880 support and 0.9060 resistance.

Expected trend for today: Neutral